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A corporation has a patent that it can use internally so as to increase expected net profits by $20,000 a year for 13 years, or

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A corporation has a patent that it can use internally so as to increase expected net profits by $20,000 a year for 13 years, or all rights to the patent can be sold for $150,000 now. Determine which is the better alternative if the corporation's money is worth (a) 8%, (b) 10% compounded annually. Justify your answers with calculations

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